Focus on Fuel
Japan considering restarting electricity, gas price subsidies from January, NHK reports
Japan may restart energy subsidies in January amid high fuel costs.
Amazon, IKEA join other ocean cargo shippers to boost demand for new green fuels
The Zero Emissions Maritime Buyers Alliance, led by Amazon and IKEA, will invite bids for e-fuel-powered shipping in 2027.
Glencore-Chandra Singapore refinery to earmark 20% of output for Shell, sources say
Glencore and Chandra Asri aim to finalize their Singapore refinery acquisition in Q1 2025, launching Aster for operations.
Development bank financing pledge gives COP29 summit early boost
Lenders, including the World Bank, aim to increase climate financing to poor and middle-income countries by 60% from 2023.
Biden officials ask EU to align methane rules with US to ease LNG flows, letter says
Biden asks EU to accept U.S. LNG meeting U.S. methane rules as meeting EU standards.
Global CO2 emissions to hit record high in 2024, report says
Global CO2 emissions will hit a record 41.6 billion tons in 2024, worsening climate impacts despite renewable energy progress.
Mexico plans to set aside $6 billion for Pemex in draft budget, Bloomberg reports
Mexico plans a $6B allocation in its 2025 budget to aid debt-laden Pemex, addressing its $120B combined financial and provider debt.
Suncor Energy earnings rise to $2.02 billion in third quarter
Suncor Energy posts a Q3 profit of $2.02B, up from $1.54B last year, with refinery utilization hitting 105 per cent.
US oil industry urges Trump to ditch Biden climate policies
The U.S. oil industry urges Trump to roll back Biden's climate policies, citing job security, energy independence, and consumer choice.
